WASHINGTON (AFP) – Moodys cut Russias debt rating by one notch into junk territory Friday, saying the Ukraine crisis and the fall in oil prices and the ruble will further undermine Russias economy.Russia is expected to experience a deep recession in 2015 and a continued contraction in 2016. The decline in confidence is likely to constrain domestic demand and exacerbate the Russian economys already chronic underinvestment, Moodys said. …read more
Source: Dunya TV
